1,298,850 Shares in Huntington Bancshares Incorporated $HBAN Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,298,850 shares of the bank’s stock, valued at approximately $23,029,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.06% of Huntington Bancshares at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. MV Capital Management Inc. purchased a new position in shares of Huntington Bancshares in the fourth quarter valued at $25,000. Palisade Asset Management LLC purchased a new stake in Huntington Bancshares during the 3rd quarter worth about $26,000. Centennial Bank AR purchased a new stake in Huntington Bancshares during the 4th quarter worth about $28,000. Trust Co. of Vermont bought a new position in Huntington Bancshares in the 2nd quarter worth about $29,000. Finally, Johnson Financial Group Inc. purchased a new position in Huntington Bancshares during the 2nd quarter valued at about $31,000. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Stock Performance

NASDAQ:HBAN opened at $17.03 on Tuesday. The business’s 50-day moving average price is $17.50 and its two-hundred day moving average price is $16.77. Huntington Bancshares Incorporated has a twelve month low of $14.89 and a twelve month high of $19.45. The stock has a market cap of $34.41 billion, a P/E ratio of 13.20, a PEG ratio of 0.93 and a beta of 0.92. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.63.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings data on Thursday, July 23rd. The bank reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.84 billion. Huntington Bancshares had a return on equity of 11.19% and a net margin of 16.64%.During the same quarter in the previous year, the firm earned $0.34 earnings per share. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. As a group, equities analysts predict that Huntington Bancshares Incorporated will post 1.61 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 17th will be given a dividend of $0.155 per share. The ex-dividend date is Thursday, September 17th. This represents a $0.62 annualized dividend and a dividend yield of 3.6%. Huntington Bancshares’s dividend payout ratio (DPR) is 48.06%.

Insider Activity

In related news, EVP Marcy C. Hingst sold 10,568 shares of the stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $18.00, for a total value of $190,224.00. Following the transaction, the executive vice president owned 267,859 shares of the company’s stock, valued at $4,821,462. This represents a 3.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James D. Rollins III sold 223,522 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $17.35, for a total value of $3,878,106.70. Following the sale, the director owned 612,155 shares in the company, valued at $10,620,889.25. The trade was a 26.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 262,061 shares of company stock worth $4,549,432. 0.67% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

HBAN has been the topic of several analyst reports. JPMorgan Chase & Co. upped their price target on Huntington Bancshares from $18.50 to $19.50 and gave the company an “overweight” rating in a research report on Monday, July 6th. Wells Fargo & Company assumed coverage on shares of Huntington Bancshares in a research note on Monday, August 17th. They set an “overweight” rating and a $23.00 price objective for the company. Morgan Stanley reaffirmed an “equal weight” rating and set a $19.00 target price (down from $21.00) on shares of Huntington Bancshares in a report on Friday, July 24th. Bank of America reiterated a “neutral” rating and issued a $18.50 target price (down from $20.00) on shares of Huntington Bancshares in a research note on Monday, July 27th. Finally, UBS Group raised their price target on shares of Huntington Bancshares from $21.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $20.24.

Huntington Bancshares Profile

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.